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The stock quoted a 52-week high price of Rs 1073.2 and a 52-week low of Rs 730.9.

Those selling shares in the OFS include -- Oman India Joint Investment Fund II, PI Ventures LLP, Amicus Capital Private Equity I LLP and Amicus Capital Partners India Fund I.

ETMarkets has identified five stocks that have consistently demonstrated share price growth of over 10% in each of the past six months of the current fiscal year. Our selection criteria included stocks with a market cap exceeding Rs 1,000 crore.

Sony said that the completion of the merger with Zee was previously expected to conclude by the end of September. However, the merger has been embroiled in controversies over the past few months. Various operational and financial creditors had objected to the Zee-Sony merger scheme in the NCLT.

Their stance during the September series was contrary to the net long positions of $20 million held by them during the previous expiry, the report said further.

As of 30-Jun-2023, promoters held 0.0 per cent stake in the company, while FIIs held 15.43 per cent and domestic institutional investors had 4.39 per cent.

NBCC, a state-owned construction company, follows a cost plus model where all costs are billed to the client, making it financially sound even in the face of inflation. The company plans to utilize the proceeds from the sale of commercial space land at Rs 5,700 crore for the construction of the World Trade Centre and seven GPRA projects. NBCC has already sold commercial property worth Rs 7,200 crore in the project and expects to sell at least Rs 2,000 crore worth of property in an upcoming auction.

A total of 28,762 shares changed hands on the counter till 01:54PM (IST)

On the technical charts, the 200-day moving average of the stock stood at Rs 4792.25.

According to Sandip Sabharwal, the growth outlook for Indian IT companies is not promising, and their valuations are not cheap. He believes that the US economy coming back would be positive for Indian IT due to increased outsourcing, but doubts a sharp revival. The impact of high interest rates on economic growth prospects has yet to be fully reflected. Sabharwal suggests that investors should be cautious and re-evaluate IT stocks when they come back to their earlier lows.